Telecommunications Unit Helps
Mannesmann Start 1999 Strong

Handelsblatt

Updated May 21, 1999 2:33 a.m. ET

Diversified group Mannesmann AG said it had made a strong start to 1999 on the continued growth of its telecommunications division.

Mannesmann said it had lifted earnings on ordinary activities at group level. It gave no further details Thursday. But telecommunications is believed to have been the sole division to show an increase in earnings from the 1998 first-quarter level. Two of the remaining divisions -- tubes and engineering --...